Author: Good Evening Nigeria

By DAILY NEWS 24 The Central Bank of Nigeria (CBN) has extended the maximum tenure of Managing Directors/Chief Executives (MD/CEOs) and Deputy Managing Directors/Executive Directors (DMDs/EDs) of banks from 10 to 12 years. The CBN issued a circular titled “Corporate Governance Guidelines for Commercial, Merchant, Non-interest and Payment Service Banks in Nigeria” on July 13, 2023, announcing the changes. The circular, signed by CBN Director Chibuzo Efobi, was addressed to commercial, merchant, non-interest, Payment Service Banks, and Financial Holding Companies (FHCs). Read the complete story here >>>https://dailynews24.ng/cbn-increases-tenure-limit-for-bank-chiefs-to-12-years/

By DAILY NEWS 24 Carlos Alcaraz on Sunday ended Novak Djokovic’s long reign at Wimbledon with a 1-6, 7-6 (8-6), 6-1, 3-6, 6-4 victory to win the All-England Club title for the first time. The 36-year-old Serbian had been indestructible on Wimbledon’s centre court for a decade, but on Sunday he finally met his match as he ran out of ideas to stop young gun Alcaraz from hurtling towards the title. In the end, the match delivered all it promised, a see-sawing encounter that saw the pair go toe-to-toe for the best part of five hours. The final was a…

CHANNELS TV NEWS G20 finance ministers and central bank chiefs opened talks Monday on debt restructuring deals, multilateral bank reform and finance to tackle climate change, as they aim to bolster a sagging global economy. Indian Finance Minister Nirmala Sitharaman, chair and host of the summit in Gandhinagar, began by telling finance leaders of “the responsibility we have… to steer the global economy towards strong, sustainable, balanced and inclusive growth”. Key on the two-day agenda will be “facilitating consensus to intractable issues associated with rising indebtedness”, Sitharaman said earlier on Monday, speaking to reporters alongside US Treasury Secretary Janet Yellen.…

LEADERSHIP NEWS Anthony Joshua hit out at Deontay Wilder and Tyson Fury during the first press conference ahead of Joshua vs Whyte II on Monday afternoon. AJ went face-to-face with Dillian Whyte for the first time after his August 12 bout with the British heavyweight was announced last week. During the press conference, AJ was asked whether he was using the bout to prepare for a Saudi Arabian showdown with Deontay Wilder later in the year. Joshua was quick to shut down claims and tell reporters that he was fed up with the Bronze Bomber before throwing shade at the…

LEADERSHIP NEWS Africa currently accounts for only one per cent of the global digital economy, a stark contrast to 68 per cent in the United States, 22 per cent in China, and 27 per cent in Asia, the president and CEO of MTN, Ralph Mupita, has disclosed. This is even as he suggested that this gap represents a significant opportunity for growth. To tap into the untapped potentials in the digital space, Mupita, while giving his keynote address to Nigeria’s business leaders, at the Businessday CEO Forum, advocated for a call to action, a blueprint for building a digital economy…

Vice-President Kashim Shettima has sought the support of Nigerians for the federal government’s soon-to-be unveiled solution to the raging crisis in the North West. Daily Trust reports that the zone has been battling with increased banditry that has cost hundreds of lives and displaced thousands more with many stakeholders already advocating for a different approach to the government’s military strategy to the crisis. But the Chief of Army Staff, Maj. Gen. Taoreed Lagbaja, reportedly kicked against amnesty programme for bandits and terrorists in the country last week, saying rather than repent, beneficiaries of such programmes see the programme as an…

Detectives in Ondo State have nabbed a food seller and house wife, Mrs Esther Godwin, for allegedly pouring hot water on a nursing mother, Samuel Endurance, over an allegation of having illicit affairs with her husband. Mrs Godwin was arrested at the weekend after she lured the victim, Samuel, to her house in the Olofin community of Idanre in the Idanre Local Council Area of the state. Daily Trust gathered from sources that the suspect called the victim on the phone under the pretence to come over and collect palm oil for her husband. Read the full story here: https://dailytrust.com/jealous-house-wife-pours-hot-water-on-husbands-concubine-in-ondo/

The National Chairman of the All Progressives Congress (APC), Senator Abdullahi Adamu, tendered his resignation last night, Daily Trust reliably gathered. Credible sources confirmed to this paper that Adamu, who emerged as the national chairman at the party’s national convention held in March 2022, has sent his resignation letter to the Presidential Villa, Abuja ahead of the return of President Bola Ahmed Tinubu from the African Union (AU) meeting in Kenya. One of the sources said Adamu, a former governor of Nasarawa State, sent the resignation letter to the Chief of Staff of the President, Femi Gbajabiamila, around 4pm on…

Bureau de Change (BDC) operators in Lagos, Abuja and Kano have been experiencing mixed fortunes owing to the recent forex unification policy of the Central Bank of Nigeria (CBN), Daily Trust reports. The CBN had on June 14 announced the unification of all segments of the foreign exchange (FX) market, and the Naira. Checks by Daily Trust showed that on Friday, the dollar closed at N803.90 on the Investors and Exporters (I&E) window. At the parallel market, it was exchanged for between N825 and N830 in Lagos on Saturday. In Abuja, it was sold between N810 and N812 while in…

THE NATION NEWS Candidate of the Labour Party (LP) in the March 18 governorship election in Enugu State, Chijioke Edeoga, who alleged that the election that produced Peter Mbah of the Peoples Democratic Party (PDP) was rigged, yesterday closed his case. Edoga is also praying the tribunal to disqualify Mbah over an alleged National Youth Service Corps (NYSC) certificate forgery. The LP candidate closed his case after he tendered documentary evidence and called 30 witnesses that testified before the Enugu State Governorship Election Petition Tribunal, sitting in Enugu. Read the rest of the story on https://thenationonlineng.net/edeoga-closes-cases-against-mbah-inec-with-30-witnesses/

THE NATION NEWS The Central Bank of Nigeria (CBN) has upgraded the eNaira by introducing a chip-enabled Near Field Communication (NFC) device into the eNaira. The NFC feature will enhance the use of the eNaira by Nigerians without smart phones or internet access. NFC is a short-range high frequency wireless communication technology that enables the exchange of data between devices of over a 10 cm distance. With the introduction of NFC, eNaira wallet owners can transact financial businesses with little or no human contact with the aid of tags attached to their phones. Click here to read the complete story.

Rising food and energy costs combined with currency depreciation has pushed Nigeria’s inflation rate to the highest point in 18 years. Inflation rate, which stood at 22.41 per cent in May, rose for the sixth consecutive month to around 24 per cent in June, according to average projection by many analysts. Economic intelligence reports by many economic and finance firms yesterday indicated that inflation rate had risen further as Nigerians grapple with continuing food shortage, amid rising energy costs and decline in value of naira. Read the complete story on https://thenationonlineng.net/inflation-nears-24-per-cent-rate/

CHANNELS TV NEWS. The counsel to President Bola Tinubu and Vice-President Kashim Shettima, Wole Olanipekun, SAN, has asked the Presidential Election Petition Court to dismiss the petition of the presidential candidate of the Labour Party, Peter Obi, and his party. Olanipekun, in his final written address against the petition of Obi and LP, described the arguments and testimonies of witnesses presented by the challengers as “frivolous, bogus and based on hearsay”. In his written address, he urged the court to dismiss the petition as totally lacking in merit, substance and bona fide. The Senior Advocate of Nigeria also argued that…

GUARDIAN NEWS African leaders, yesterday, gathered in Nairobi, Kenya’s capital for the African Union’s (AU) fifth mid-year coordination meeting, aimed among other things, to address critical issues of African integration and division of labour. The meeting was led by Kenya’s President, William Ruto, who called for a reform of the AU focusing on the body’s financial autonomy. “The pan-African movement has always been about sovereignty and agency. First and foremost, chronic dependence, even on well-meaning partners, is inconsistent with the aspiration of independence, sovereignty and agency. And I therefore believe that we must take seriously the recommendations that have been…

IBADAN – The Olubadan of Ibadan, Moshood Olalekan Balogun, has taken the decision to suspend the ongoing Egungun festival in response to reports of violence, arson, and looting in the capital city of Oyo state. The Egungun festival is an annual communal ceremony held in southwestern Nigeria to honor Yoruba ancestors, with “Egungun” referring to masquerades in the Yoruba language. In a statement issued on Sunday by his personal media aide, Oladele Ogunsola, Balogun revealed that the atrocities committed during the festival were the work of hoodlums exploiting the cover of the event in Ibadan. The traditional ruler has summoned…

GUARDIAN NEWS Senate has clarified grey areas in its recent approval of N500 billion and $800 million for the President Bola Tinubu administration. The development had left many Nigerians bewildered, fearing the new government, like its predecessor, would increase benchmark for borrowing. The 9th National Assembly had enabled former President Muhammadu Buhari to amass a national record breaking debt burden in eight years, going even further to approve more debts in the last days of the administration. The Debt Management Office put the total national debt at N46.25 trillion, as of December 2022. However, Senate spokesperson, Adeyemi Adaramodu, explained that…

VANGUARD NEWS No fewer than 3000 Nigerian youths are to benefit from the capacity building programme midwifed by the National Council for Arts and Culture in collaboration with the the Peoples Republic of China in the later part of the year. The Director General, National Council for Arts and Culture, Otunba Segun Runsewe revealed this to newsman when he received in audience the Chinese Cultural Attache Lee Xuda at the Nigerian Culture House, Abuja, Runsewe stated that his recent visit to China gave him an opportunity to understudy the secret behind the ingenuity and creativeness of the Chinese in goods…

BUSINESS DAY NEWS The US Tsunami Warning System has declared a threat for surrounding areas following an earthquake that occurred early on Sunday in the Alaska Peninsula region, according to the United States Geological Survey (USGS). The Alaska Peninsula, South Alaska, and other Pacific regions were all included by the tsunami warning. When widespread flooding is projected, impending, or occurs as a result of a tsunami, the public is warned. After it arrives, flooding can also continue for several hours. The “notable quake” was initially reported with a magnitude of 7.4, however the USGS later lowered this to 7.2,” SkyNews…

VANGUARD NEWS Spanish midfielder Sergio Busquets has signed a contract with Inter Miami that will see him reunited with Argentine superstar Lionel Messi through the 2025 season, the Major League Soccer club said Sunday. Completion of the deal comes a day after Messi, who sparked Argentina to a World Cup title last year in Qatar, signed his own contract with the club. Inter had announced last month that they were acquiring Busquets, who will be reunited with his former Barcelona teammate Messi. The one-time World Cup champion, nine-time La Liga winner and former Barca captain will occupy a Designated Player…

Former Governor of Kano State, Abdullahi Ganduje, has called on his successor, Abba Yusuf, to concentrate on initiating a concrete plan that will alleviate the suffering of his people instead of picking holes in the post-subsidy removal palliative plan introduced by President Bola Tinubu. Ganduje’s reaction was a response to a supposed Yusuf’s rejection of the palliative plan, which was subsequently retracted following a backlash from the public. He said, “Instead of studying what the palliative plan is all about, Kano State openly criticised the plan only for them to withdraw the statement. While some states have gone ahead to…